News

The Greek controlled company Standard Development, described by brokers as a "new name" in shipping, is said to be behind an order at STX Offshore & Shipbuilding for up to eight medium-range…

"As of April, there are already some 1,000 cancelled newbuildings from all around the world and the number of cancellations is expected to increase further this year," according to the Class NK,…

Italian company ENI intends to build a shipyard in the Caspian Sea. The new facility will focus on building tankers with a displacement of up to 63,000 tonnes to transport crude oil…

European energy giant GDF Suez and Hoegh LNG are expected to issue a tender shortly for a purpose-built LNG floating storage and regasification unit (FSRU) for their Triton project of Italy. Four…

L-3 Offshore of Coventry, U.K, has signed an agreement with the STX Engine subsidiary of South Korea's STX Group to collaborate in the marketing and supply of integrated power, electric propulsion, dynamic…

The Attica Group, Greece, has ordered two fast ropax ferries from Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The vessels will have an overall length of 145.5m, a speed of 26…

The mysterious buyer of Poland's Gdansk and Szczecin shipyards has provided bank guarantees for the deal. Polish treasury minister Aleksander Grad said United International Trust (UIT) has given proof it can pay…

Brazilian construction group WTorre has confirmed talks with Singapore's Keppel Corp over selling a stake in a new shipyard project. "We're in advanced, but not conclusive, talks with Keppel," a spokeswoman said.WTorre's…

Zhoushan Jinhaiwan Shipyard in China has secured a bumper order for 30 bulkers from fast emerging Grand China Logistics, one of the largest single orders ever placed in China. Broken down, the…

Malaysia's first fully-automated shipyard will be in operation at the Tanjung Agas Oil and Gas and Maritime Industrial Park in 2013. It will be part of a RM4.8 billion project that comprises…

Chinese shipbuilder Jiangsu Rongsheng Heavy Industries Co, which is aiming to sell shares to the public later this year, won a $484 million deal to build four ships for Oman Shipping Co.…

United Industrial Corporation (OPK) in Russia and Samsung Heavy Industries Co., Ltd. (SHI) in Korea have signed a memorandum for mutual business cooperation during a recent visit to the St. Petersburg shipyards…

GENOA-based classification society RINA has introduced new voluntary standards which will allow ships to connect to shore-based electricity while in port, reducing harbour air pollution. And at the same session of its…

The IMO's Maritime Safety Committee (MSC) agreed on revised guidance on combating piracy and armed robbery against ships when it met at the organisation?s headquarters in London for its 86th season from…

The Japanese companies of NYK and Kawasaki have signed an agreement to jointly lease deep-sea drillships in Brazil. The two companies, along with Mitsui, have placed a major order with a South…

The European Commission struck a deal with Croatia on the restructuring of its ailing shipyards, a reform sought by the EU as part of membership talks with Zagreb, a spokesman said. "There…

Transport and shipping bank DVB has said that the short term future of the cruise ship sector would lie in the upgrade of existing vessels and the renegotiation of newbuild orders. Given…

Japan's Hokodate Shipyard, part of the Namura Shipbuilding group of companies, has been hit by the cancellation of an order for five handysize bulk carriers but the shipbuilder is confident it will…